Daily FT - April 21, 2025
Daily FT - April 21, 2025
Go Unlimited with Magzter GOLD
Read Daily FT along with 9,000+ other magazines & newspapers with just one subscription View catalog
1 Month $14.99
1 Year$149.99 $74.99
$6/month
Subscribe only to Daily FT
1 Year $17.99
Buy this issue $0.99
In this issue
April 21, 2025
Temporary tariff pause mitigates trade contraction, but strong downside risks persist: WTO
THE volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions, nearly 3% lower than what would have been expected under a \"low tariff\" baseline scenario, according to the World Trade Organisation (WTO) Secretariat's latest Global Trade Outlook and Statistics report released on 16 April.
4 mins
SEC issues notice of caution on Wealthy Minds Academy over reckless conduct
THE Securities and Exchange Commission (SEC) has issued a notice of caution on Wealthy Minds Academy Ltd., and two of its directors for their reckless conduct in disseminating information on social media platforms regarding certain securities listed on the Colombo Stock Exchange.
1 min
Economic sentiment shores up - survey
IN its April edition, leading business magazine LMD reports: \"Economic optimism has reached a six-month high amid heightened business activity.\"
1 min
People's Bank facilitates over 14.5 m transactions worth Rs. 205 b in Avurudu season
PEOPLE'S Bank yesterday announced that during the Avurudu season between 1 and 15 April, it had facilitated over 14.5 million transactions valued at over Rs. 205 billion, highlighting its pivotal role in the daily financial activities of the country.
1 min
SLIC General achieves outstanding financial results in FY24
SRI Lanka Insurance Corporation General Ltd., (SLICGL) has announced the achievement of an outstanding performance in 2024, reinforcing its strength and resilience in the industry as the market leader.
2 mins
Sri Lanka races to protect exports amid US tariff
FACED with the imposition of a sharp 44% reciprocal tariff by the US, Sri Lanka's single largest export destination, the Government is mounting a multi-pronged diplomatic and policy effort to avert a looming trade crisis.
2 mins
Govt. pushes bold industrial revival amid economic uncertainty
THE Industry and Entrepreneurship Development Ministry has launched an ambitious reform drive in the first quarter of 2025, seeking to revitalise the country's struggling industrial base and re-engage its small and medium-sized enterprises (SMEs) amid economic headwinds.
1 min
Sri Lanka-China Friendship Association expresses concerns over new US tariffs on China
Says move is a risk for world economy Lists US decision to charge fee of $ 50 per net ton on ships built in China as most worrying action
1 min
IMRA Awards Night an astounding success yet again
THIS year's Awards Night was as good as a theatre production with its slick program starting at the proposed time and ending equally early leaving those attending to stay on if they wished to enjoy the music and the camaraderie that followed.
2 mins
Scybers Earns SOC-CMM Silver Partner status, demonstrating modern SOC governance expertise
SCYBERS Inc., a global cyber security advisory and managed services firm, announced its achievement of SOC-CMM Silver Partner status.
2 mins
NDB Bank takes bold step towards gender-inclusive growth with WE Finance Code pledge
NDB Bank has announced its commitment to advancing financial inclusion for women entrepreneurs by officially becoming a signatory to the Women Entrepreneurs Finance Code (WE Finance Code) - a global initiative designed to accelerate access to finance for women-owned, small, and medium-sized enterprises (WSMEs).
2 mins
Trade Finance Association of Bankers holds 28th Annual General Meeting
THE Trade Finance Association of Bankers (TFAB) successfully held its 28th Annual General Meeting (AGM) on 14 February at the Bank of Ceylon auditorium in Colombo.
3 mins
Udittha Jayasinghe appointed to Dialog Finance Board
UDITHA Jayasinghe has been appointed as an Independent, Non-Executive Director of the Dialog Finance PLC.
1 min
CSE and SEC empower SMEs on capital raising through listing
THE Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), hosted an Issuer Forum in Gampaha aimed at supporting small and medium-sized enterprises (SMEs) in exploring avenues for capital raising through listing on the CSE.
1 min
Secondary Bond market range-bound
THE secondary bond market for the holiday-shortened week ending 17 April saw yields trade largely range-bound. The sideways momentum resulted in the market entering a consolidation phase, as participants adopted a cautious stance amid the absence of strong directional cues.
1 min
Assetline Finance entity credit rating upgrade highlights strategic growth and stability
ASSETLINE Finance Ltd., (AFL) the flagship company of the Financial Services Cluster of David Pieris Holdings, has received an upgradation of its credit rating from Lanka Rating Agency (LRA) to A with a positive outlook, up from its previous rating of Awith a stable outlook.
1 min
DP World’s latest vessel makes maiden call at Jebel Ali Port
DP World has welcomed the latest addition to its Marine Services fleet, with the DP World Jebel Ali making its maiden call at its namesake, Jebel Ali Port.
1 min
EFL Project Logistics supports key deliveries for CWIT rollout
IN a transformative move that underscores Sri Lanka’s ambition to become South Asia’s premier logistics and maritime hub, EFL Project Logistics facilitated the delivery of key hardware for the operation at success of the newly commissioned Colombo West International Terminal (CWIT), the of Colombo’s first fully automated deep-water terminal.
1 min
Colombo Port City tax holidays rendered ineffective by global minimum tax rules
THE global minimum corporate tax rate was one of the reasons cited by both governments of Ranil Wickremesinghe and NPF to impose the tax of 15% on digital service income and others.
4 mins
Linking with South Indian states for economic prosperity
OUR giant neighbour India is projected to become the world’s third largest economy by 2028 and by 2032 the world’s most populous state is expected to possess a $ 30-trillion economy. There is common consensus among the Indian intelligentsia that South Indian states Andhra Pradesh, Kerala, Karnataka, Telangana and Tamil Nadu will lead the economic development drive of the emerging Asian superpower.
2 mins
Forgotten justice
Easter Sunday attacks. Yet six years on, no acceptable inquiry has materialised, and the true architects of the tragedy remain unidentified and unpunished.
1 min
D-Day for Govt. to do
TODAY is D-Day for a still tyro government to stop only saying what it would do and simply get cracking on meaningful action long overdue. It is a time for doing, and a time for refraining from an excess of empty words. And if the outpatient people’s power does not deliver on a Delivery-Day (D-Day) of its own making and promising, the people will have little choice left but to lament on the ash heap that the NPP has lost more than its early promise of late...
4 mins
Trump(dis)order: Harsh tariffs rates based on wrong philosophy and wrong formula
THE harsh tariff rates imposed by US President Donald Trump on all exporters to USA have squarely hit the poor countries that export mainly items like apparels and rubber products.
9 mins
Policy brief for Sri Lankan Govt.: Call to re-evaluate wind energy strategies for sustainable future
Sri Lanka’s pursuit of clean energy is vital, but its current enthusiasm for large-scale wind farms warrants immediate and critical reassessment. Scientific evidence, coupled with Sri Lanka’s unique national context, indicates that wind energy may not be the optimal solution for achieving long-term energy security and sustainable development. Continuing down this path risks misallocating resources, hindering genuine progress, and potentially causing irreversible environmental and socio-economic harm as follows.
3 mins
CEB restructure and solar hullabaloo
THE Government is going ahead with the CEB restructure process quickly and the Cabinet has reportedly signed off on the new Bill. As one of the contributors to this process by way of comments, the writer is moderately happy with the way the process has been handled and its progress. Ideally more consultation should have happened, but considering the importance placed on the price of electricity in the Government’s industrialisation agenda, striking an IMF and local critics looking with eagle eyes, the hurry to get on with it is understandable and criticism is not fair.
5 mins
Power World Gyms powers up Sri Lanka Rugby as Official Fitness Partner
POWER World Gyms has announced its partnership with Sri Lanka Rugby as the Official Fitness Partner marking a significant milestone in its ongoing mission to support national sports and athletic excellence.
1 min
Eddie the Eagle claims Governor’s Cup 2025 amidst royal revelry in Nuwara Eliya
THE prestigious and traditional Governor’s Cup was held on 15 April at the Nuwara Eliya Racecourse, with Edwards Collection stepping in as the major sponsor.
2 mins
7th SSC Open International Rating Chess Championship in May at Matara
THE 7th SSC Open International Rating Chess Championship, organised by the SSC Chess Academy on behalf of the Chess federation of Sri Lanka (CFSL) and the World Chess Federation (FIDE) will be held from 1 to 4 May at the Grand Rockland Hotel, Matara.
1 min
Sri Lankan youth shine at 6th Asian Youth Athletics Championships 2025
THE final day of the 6th Asian Youth Athletics Championships concluded on 18 April.
1 min
Best young boxers begin residential training ahead of ASBC Asian U22 and Youth Championships
IN a major step towards preparing for the upcoming ASBC Asian Under-22 and Youth Boxing Championships, the Boxing Association of Sri Lanka (BASL) has commenced a high-performance residential training camp at the Police Training School in Katukurunda.
2 mins
Daily FT Newspaper Description:
Publisher: Wijeya Newspapers Ltd.
Category: Newspaper
Language: English
Frequency: Daily
Daily FT:National English Daily:authoritative market and financial news for business www.ft.lk
Cancel Anytime [ No Commitments ]
Digital Only
